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BSkyB Doubles Its Net Loss,
But Posts Subscriber Growth

By

Kay Larsen Dow Jones Newswires

Updated July 31, 2002 6:26 a.m. ET

LONDON -- British Sky Broadcasting Group PLC Wednesday said its full-year net loss more than doubled due to a write-down on its stake in Germany's Kirch Group, but reported strong growth in subscribers and revenue.

The United Kingdom pay-television operator posted a net loss of &pound;1.38 billion ($2.16 billion or &euro;2.21 billion) for the year ended June 30, against a loss of &pound;538.6 million a year earlier. That...